Aon plc (NYSE:AON) Declares $0.68 Quarterly Dividend

Aon plc (NYSE:AON) declared a quarterly dividend on Friday, January 10th,RTT News reports. Investors of record on Monday, February 3rd will be paid a dividend of 0.675 per share by the financial services provider on Friday, February 14th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.77%.

AON has a payout ratio of 15.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect AON to earn $17.42 per share next year, which means the company should continue to be able to cover its $2.70 annual dividend with an expected future payout ratio of 15.5%.

AON Stock Down 0.9 %

Shares of NYSE AON opened at $349.28 on Friday. AON has a 52 week low of $268.06 and a 52 week high of $395.33. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. The stock’s fifty day moving average is $370.20 and its 200 day moving average is $346.20. The stock has a market capitalization of $75.54 billion, a P/E ratio of 29.48, a PEG ratio of 2.27 and a beta of 0.93.

Insiders Place Their Bets

In related news, insider Lisa Stevens sold 1,275 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total value of $494,292.00. Following the transaction, the insider now owns 8,077 shares in the company, valued at approximately $3,131,291.36. This represents a 13.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Mindy F. Simon sold 650 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the completion of the transaction, the chief operating officer now owns 1,816 shares in the company, valued at approximately $716,121.44. The trade was a 26.36 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AON. Barclays raised their price target on shares of AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. TD Cowen upped their price target on AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Jefferies Financial Group raised their price objective on AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods reduced their target price on AON from $415.00 to $411.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $407.00 to $420.00 in a report on Wednesday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $368.67.

AON Company Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.